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Sep 26, 2012
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what can the imf do? well, we can help. we have refrained some of our instruments, effective credit line, for instance. the precautionary and liquidity credit lines which are both instruments aimed at comforting the country that is actually having the right set of policies in place, acts on tape as we say, in many countries have actually used those facilities, the case from mexico, the case for colombia, the case for polling, the case for morocco more recently with a precaution and liquidity lines. and together those not actually exceed the amount of commitment that we have for europe. okay, turning now to low income countries. they have performed relatively well through the crisis, and, frankly, when you look at numbers, starting from a low base admittedly of course, their numbers are generated in excess of any growth numbers we've seen in either advanced or emerging markets economies. but today they're more exposed to shifts in economic fortunes. i do not simply mean the potential fallout from the advanced economies, whic
what can the imf do? well, we can help. we have refrained some of our instruments, effective credit line, for instance. the precautionary and liquidity credit lines which are both instruments aimed at comforting the country that is actually having the right set of policies in place, acts on tape as we say, in many countries have actually used those facilities, the case from mexico, the case for colombia, the case for polling, the case for morocco more recently with a precaution and liquidity...
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Sep 25, 2012
09/12
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what about the imf? we have a changing global economy. as a result, the imf must be changing and adjusting to this new role, if you will. much of this is under way. i will mention three areas where clearly changes underway at the imf. first of all, we are strengthening our surveillance. with the purpose of participating in strengthening global stability. trying to better connect the dots between countries and focus on the stability of the system as a whole. there are three upgrades not regard. one is a new decision that provides for deeper analysis of spillovers and cross-border effects. you know, we have the traditional bilateral approach to surveillance, and then we have intellectual surveillance, a bit under find. built from the bottom. we are bringing the two together to have a better view. the second is the new external sector report. it sharpens our assessment of countries policies from a multilateral perspective, including exchange rates. we have to have a state-of-the-art mechanism that addresses on a unilateral basis, the issue o
what about the imf? we have a changing global economy. as a result, the imf must be changing and adjusting to this new role, if you will. much of this is under way. i will mention three areas where clearly changes underway at the imf. first of all, we are strengthening our surveillance. with the purpose of participating in strengthening global stability. trying to better connect the dots between countries and focus on the stability of the system as a whole. there are three upgrades not regard....
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Sep 30, 2012
09/12
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what can the imf do? we can help. we have refrained some of our instruments -- we have reframed some of our instruments, instruments aimed at having the right set of policies in place. many countries have used those facilities. that is the case for mexico, colombia, poland, morocco more recently. together, those amounts actually exceed the amount of commitment that we have for europe. turning now to low-income countries, they have done relatively well through the crisis. when you look at numbers, starting from a low base admittedly of course, they have had excess of the excessive growth. -- they have had excessive growth. i do not mean the potential fallout from the events the economies, which would be a clear case, but it is sometimes more of a ripple effect of the slowdown affecting the emerging markets as a result of the crisis in the advanced economies that is actually exposing them to those shots. take the case of sub-saharan african countries producing raw materials that generally supply emerging market economie
what can the imf do? we can help. we have refrained some of our instruments -- we have reframed some of our instruments, instruments aimed at having the right set of policies in place. many countries have used those facilities. that is the case for mexico, colombia, poland, morocco more recently. together, those amounts actually exceed the amount of commitment that we have for europe. turning now to low-income countries, they have done relatively well through the crisis. when you look at...
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Sep 25, 2012
09/12
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they think the imf has been going beyond its mandate and acting too much like a bank. meanwhile in washington, they're not pleased because they think the imf is stepping up and do the work that they would rather see germany do. >> we're r. we just like to be pragmatists. coming up, we'll go to berlin where angela merkel is about to speak. >> and then over to new delhi, business travel is giving a boost to the hotel business. chairperson of park hotels will be here. >> and sydney, the rba has warned its banks to be wary of the fallout of the eurozone debt crisis. >> and name dropping in new york. we hear from a morgan stanley executive on how their name change will impact the brokerage business. >> are we going to enough places around the world for you today? sydney, berlin, india, new delhi, new york -- >> and there's more to come. >> first, though, the imf says it will cut its global growth outlook. speaking at an event in washington, d.c., christine lagarde urged policymakers to take decisive steps to secure sustained economic growth. >> this time what we need is not
they think the imf has been going beyond its mandate and acting too much like a bank. meanwhile in washington, they're not pleased because they think the imf is stepping up and do the work that they would rather see germany do. >> we're r. we just like to be pragmatists. coming up, we'll go to berlin where angela merkel is about to speak. >> and then over to new delhi, business travel is giving a boost to the hotel business. chairperson of park hotels will be here. >> and...
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Sep 26, 2012
09/12
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so won't imf put more pressure on the state u.s. congress to approve the change in the coming weeks and how confident are you that we're likely to see the completion of this reform before the annual meeting is at dover as the imf has plans? thanks. >> well, it's not just the united states. clearly there are others including energy 20 countries that has not yet ratified the reform that was committed to by the leaders in 2010. so it's not the u.s. issue. everyone focuses on the us because the u.s. has a very sizable quota in the institution and is my largest member, my largest shareholder if you will. but the u.s. is not alone in that camp. i certainly hope that the u.s. authorities at large, including congress, with appreciate how needed u.s. leadership is and how needed the imf role is going forward in order to address not the sort of remote crisis around the world, but the indirect consequences of those remote crisis is around the world, including on the u.s. economy. i think if there's one thing that we are learning from all the m
so won't imf put more pressure on the state u.s. congress to approve the change in the coming weeks and how confident are you that we're likely to see the completion of this reform before the annual meeting is at dover as the imf has plans? thanks. >> well, it's not just the united states. clearly there are others including energy 20 countries that has not yet ratified the reform that was committed to by the leaders in 2010. so it's not the u.s. issue. everyone focuses on the us because...
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Sep 16, 2012
09/12
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we send money to the imf, they send it to europe. is anybody in europe paying attention to the austerity measures? no. everyone keeps saying he did it. no one takes any blame for anything anymore, including here at home. we keep bailing our own selves out. it has to stop or no one is going to fix anything. why should you when you just expect the check is coming in the mail. >> should we be bailing out europe, in fact, because what happens over there keeps killing our markets here. it's been nothing but problems for two years. >> the problem with europe started by greece, they lied about their debt, they never had that 3% level you're supposed to have to get in the e.u. so they don't have anything to go back to. and right now angela merkel is trying to bail out her own banks through this huge imf bailout. the same thing that happened to aig. once you stuck money in it, it went to banks. that's what they're doing. back door bailout for banks. you've got to let these countries start dealing with it themselves. there is no hope. i don't
we send money to the imf, they send it to europe. is anybody in europe paying attention to the austerity measures? no. everyone keeps saying he did it. no one takes any blame for anything anymore, including here at home. we keep bailing our own selves out. it has to stop or no one is going to fix anything. why should you when you just expect the check is coming in the mail. >> should we be bailing out europe, in fact, because what happens over there keeps killing our markets here. it's...
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Sep 30, 2012
09/12
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leadership is and how needed the imf rule is going to be needed going forward. not to promote crises around the world, but it is the indirect consequences of those remote crises, including on the u.s. economy. if there is something worth learning, it is the interdependence of them. >> how confident are you? >> i would definitely consider it. [laughter] >> maurice goldstein. institute for international economics. managing director, thank you for a most interesting speech. >> i am always cautious when an english speaking person calls something interesting, it could make it -- could mean anything. >> you are quite right, but let me proceed anyways. [laughter] you indicated in the discussion of the eurozone, you mentioned the need for friendly measures, not just austerity. what are those growth friendly measures? why did we think that these would be sufficient to poll the eurozone out of recession? when discuss in the u.s. fiscal cliff, you made a helpful distinction between the medium term need for strong fiscal consolidation, and the short term need to avoid fisca
leadership is and how needed the imf rule is going to be needed going forward. not to promote crises around the world, but it is the indirect consequences of those remote crises, including on the u.s. economy. if there is something worth learning, it is the interdependence of them. >> how confident are you? >> i would definitely consider it. [laughter] >> maurice goldstein. institute for international economics. managing director, thank you for a most interesting speech....
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Sep 25, 2012
09/12
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what can the imf to? we have free framed that precautionary and liquidity credit lines better aimed at comforting the country has the right set of policies in place. many have used those facilities been together those amounts exceed the amount of commitment from europe. turning to the low income countries, stirred came from the low base to be in excess of the emerging markets economy. and i don't mean the fallout from the advanced economy but more of a ripple effect as a result of the advanced economies. take the case of sub-saharan countries generally supply emerging market economies they will see the effect of the ripple effect also 20% increase of food process -- prices. the frequency of cereal just cornyn wheat prices increased 25% in july compared to a country that the drought is affecting that hurts despite the good policies put in place. they have to continue the paula c of building buffers but at the same time they cannot travel the journey all by themselves they even have to lend more of a hand t
what can the imf to? we have free framed that precautionary and liquidity credit lines better aimed at comforting the country has the right set of policies in place. many have used those facilities been together those amounts exceed the amount of commitment from europe. turning to the low income countries, stirred came from the low base to be in excess of the emerging markets economy. and i don't mean the fallout from the advanced economy but more of a ripple effect as a result of the advanced...
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Sep 7, 2012
09/12
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also, what role does the imf have? the imf could be issuing a credit line under these circumstances. but we don't know about that. it would certainly help, i think, if that were available. so, there's a lot of detail that really the euro group does need to specify inspect. >> it did seem to be a fairly detailed statement but still a lot of question marks on what was announced. thank you very much. >> thank you. >> julian, thanks for coming back to finish that discussion. kathleen brooks here on set with us as well. we appreciate your thoughts. want to get out now to ross, who's not here. he's at the ambersitti convention at lake como. what's coming up? >> we'll be joined by the co of eni and the ceo or eli lilly. >>> welcome back to the program. glencore taking the market by surprise delaying shareholder vote on xstrata merger saying there were developments overnight. >>> reports of big infrastructure spending. china says nearly $160 billion of projects were green lighted this week alone. >>> global markets getting a b
also, what role does the imf have? the imf could be issuing a credit line under these circumstances. but we don't know about that. it would certainly help, i think, if that were available. so, there's a lot of detail that really the euro group does need to specify inspect. >> it did seem to be a fairly detailed statement but still a lot of question marks on what was announced. thank you very much. >> thank you. >> julian, thanks for coming back to finish that discussion....
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Sep 9, 2012
09/12
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does it mean an imf program are not an imf program? will it be ratified and active in providing direct support to the banking system in a country like spain? although the attention has been on the european central bank and what it might not do, the preconditions are the critical issue. the quality of the program, the ability to provide direct support to banks. >> what about the scenario is bought -- with deposits in spain? >> it is sort of an important issue that if it continues will be something that can drive this. i think the point that john made are right and one thing he did not mention was we have that european banking unit coming at. essentially, if they can construct this banking union, that would allow you to do deposit insurance, those things are fundamentally uncertain. there is an awful lot of moving pieces here that have to go forward. i would come back to the notion and the sense of what has changed over the last month. to me, the biggest change is the attitude -- >> the question you have to ask yourself is what is that e
does it mean an imf program are not an imf program? will it be ratified and active in providing direct support to the banking system in a country like spain? although the attention has been on the european central bank and what it might not do, the preconditions are the critical issue. the quality of the program, the ability to provide direct support to banks. >> what about the scenario is bought -- with deposits in spain? >> it is sort of an important issue that if it continues...
WHUT (Howard University Television)
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Sep 12, 2012
09/12
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they received a $100 billion bailout from the eu and imf. he said the country's budget deficit target for 2013 was relaxed to 4.5% of gross domestic product from 3%. for 2014, he said the target will be 2.5%. the finance minister stressed the revision does not mean the country need extra aid. the u.s., asked the portuguese government to rebuild its economy as efforts are bearing fruit. greece is asking eu for more time to reach targets. eu members remain cautious as to whether they should agree to greece's request. >>> another country is realizing that made in china doesn't necessarily make good business sense. and we are joined from our seoul studio with that story and the latest economic news out of south korea. >> we're starting off with a growing trend among south korean manufacturers. a number of companies that shifted their production sites to china have recently started come back home. rising labor costs are behind this u-turn. but new free trade agraemeneemer ftas are the main drivers. it went to china ten years ago. that's because l
they received a $100 billion bailout from the eu and imf. he said the country's budget deficit target for 2013 was relaxed to 4.5% of gross domestic product from 3%. for 2014, he said the target will be 2.5%. the finance minister stressed the revision does not mean the country need extra aid. the u.s., asked the portuguese government to rebuild its economy as efforts are bearing fruit. greece is asking eu for more time to reach targets. eu members remain cautious as to whether they should agree...
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they didn't like with the imf was doing. unlike the conditions. >> behind closed doors. >> the presidential election on facebook. [laughter] >> why not? melissa: i guess one not. i'm wondering if this is real. i feel like there's something more. some aid is on facebook doing something or some -- i can't believe that real, serious people live there. >> we discussed this before we came out. major international monetary decisions on facebook. melissa: all right. thanks to both of you. >> thank you. melissa: the final stretch of the 2012 campaign is underway. fox business says president obama hopes it the election does not consent and the gas. >> coming up on the fourth anniversary of the milk down on wall street. the mccain obama race was fairly close until the financial of cricket. here we are four years later. europe is hanging onto its euros system but a small thread. the question i hear more and more from financial gurus is coming in europe keep it together until our elections in november? our elections. you don't hear the
they didn't like with the imf was doing. unlike the conditions. >> behind closed doors. >> the presidential election on facebook. [laughter] >> why not? melissa: i guess one not. i'm wondering if this is real. i feel like there's something more. some aid is on facebook doing something or some -- i can't believe that real, serious people live there. >> we discussed this before we came out. major international monetary decisions on facebook. melissa: all right. thanks to...
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Sep 4, 2012
09/12
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these are things and instruments that the imf also has in its arsenal. even though the eurozone states are quite insistent that all our programs are done together with international monetary fund. not only in order to avail themselves and ourselves of the financing capacity of the fund but also because of the technical expertise, objectivity, et cetera, that the imf additionally brings to the table. as i was saying, theoretical -- >> thomas, very briefly, is it your understanding that -- is it more than likely spain will ask for this precautionary program and how soon? >> i don't have any indication that the spanish government would be asking for such a program any time soon. i said, at present, at present i want to stress, they are doing fine and they have done all the policy actions they have committed to. >> thomas, good to speak to you. president of the euro working group. >> nelgdmedals will be presente george osborne -- >> george osborne getting booed last night at paraolympic games last night. is finance minister a thankless job? get in touch with
these are things and instruments that the imf also has in its arsenal. even though the eurozone states are quite insistent that all our programs are done together with international monetary fund. not only in order to avail themselves and ourselves of the financing capacity of the fund but also because of the technical expertise, objectivity, et cetera, that the imf additionally brings to the table. as i was saying, theoretical -- >> thomas, very briefly, is it your understanding that --...
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Sep 10, 2012
09/12
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that is what has happened with the imf. president morsi has specifically asked for money from the international monetary fund. but i think the caller is right. there is the perception on behalf of the recipients that there is a neo-colonialist approach. which is why we have to be very careful. host: the state of the relationship between the u.s. and egypt is what? guest: the state of the relationship between united states and egypt will remain good, but the egyptians will attempt to regain their regional influence. that is a long deadline, but that is what it is. host: steve cook, thank you very much for being with us. guest: glad to be your. tomorrow on "washington journal" -- live at 7:00 a.m. eastern on c-span. next, "q&a." tomorrow, officials joined on a naon
that is what has happened with the imf. president morsi has specifically asked for money from the international monetary fund. but i think the caller is right. there is the perception on behalf of the recipients that there is a neo-colonialist approach. which is why we have to be very careful. host: the state of the relationship between the u.s. and egypt is what? guest: the state of the relationship between united states and egypt will remain good, but the egyptians will attempt to regain...
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Sep 23, 2012
09/12
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you should cut off the imf that gives better descriptions and ruins these countries. it is economic. >> and rich, go ahead. >> wealth of nations. >> and the problem sthere is a fallacy to your argument. >> there usually is. go back to the difference between jimmie carter and ronald reagan. it is political correctness and reagan did the opposite. >> victoria? go ahead. >> rick, the point is, we are handing these people blank checks and then apologizing for it. and going into these places oh, we are so sorry for the random video that a whacko put out on the internet. come on, you have to show strength. >> hold on a second. rick, i know you are not in favor of the money leaking in the wront hands. way to continue the aid to people who share our about. it is our money after all. yes, we want to influence that region but not in the hands of terrorist. >> that's fair enough. but listen to the arguments. suddenly it is about apologies and nonsense that is political. foreign policy does not exist in that realm. >> apologies are nan sensical. >> ask senator mccain who argued w
you should cut off the imf that gives better descriptions and ruins these countries. it is economic. >> and rich, go ahead. >> wealth of nations. >> and the problem sthere is a fallacy to your argument. >> there usually is. go back to the difference between jimmie carter and ronald reagan. it is political correctness and reagan did the opposite. >> victoria? go ahead. >> rick, the point is, we are handing these people blank checks and then apologizing for it....
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for the record, 22 times as many blacks as the imf of ron facebook. interesting. coming up next, will all gardens stop its never ending possible? is the parent company copping out major go to its workers in a new lawsuit. we break it down coming up next. when you throw away money on wasted electricity... you're throwing away everything you could have bought with it. saving energy saves you money. learn more at energysavers.gov. ♪ cheryl: does your favorite restaurant chain break federal labor laws? and knew law says darden restaurants incorporated which includes all of garden, when stakeouts, capital grille, red lobster, underpaying its workers with more on this. fox news legal analyst joining me now. so, they're looking for a class action on this. >> class action, but they only have to practice. i have the complete right here. nineteen pages, and they're only alleging to plaintiffs. they're saying, thousand employees with all of these companies, i'm really getting, there under paying their employees. they're saying, they're checking in, working more hours than
for the record, 22 times as many blacks as the imf of ron facebook. interesting. coming up next, will all gardens stop its never ending possible? is the parent company copping out major go to its workers in a new lawsuit. we break it down coming up next. when you throw away money on wasted electricity... you're throwing away everything you could have bought with it. saving energy saves you money. learn more at energysavers.gov. ♪ cheryl: does your favorite restaurant chain break federal labor...
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Sep 14, 2012
09/12
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regarding the fact that the imf would be implicated in that story, again, it's credible because if you look at what the prime minister rajoy say a few days ago, he said he had no objection to the imf monitoring the spanish compliance with the condition of an international bailout. it's all about the condition of the bailout because if you remember also the prime minister say spain would not accept any additional condition for a bail skrout. he believes that the country fills all the requirement for the bailout in particular with respect to the european budgets target, deficit target that has been set. so basically what rajoy wanted to say he has no objection to check that spain would respect the public deficit target. i'm not sure that he's ready to accept anymore conditions especially as they come from the imf, especially that's the finance minister underbudget minister is quite reluctant to psych international inspectors to take a look. tanld be also a problem of credibility ahead of regional elections very soon in the north of spain. so, yes, the report from here seems credible, but
regarding the fact that the imf would be implicated in that story, again, it's credible because if you look at what the prime minister rajoy say a few days ago, he said he had no objection to the imf monitoring the spanish compliance with the condition of an international bailout. it's all about the condition of the bailout because if you remember also the prime minister say spain would not accept any additional condition for a bail skrout. he believes that the country fills all the requirement...
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Sep 10, 2012
09/12
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FBC
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for the record, 22 times as many blacks as the imf of ron facebook. interesting. coming up next, will all gardens stop its never ending possible? is the parent company copping out major go to its workers in a new lawsuit. we break it down coming up next. these fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. ♪ cheryl: does your favorite restaurant chain break federal labor laws? and knew law says darden restaurants incorporated which includes all of garden, when stakeouts, capital grille, red lobster, underpay
for the record, 22 times as many blacks as the imf of ron facebook. interesting. coming up next, will all gardens stop its never ending possible? is the parent company copping out major go to its workers in a new lawsuit. we break it down coming up next. these fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh,...
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for the record, 22 times as many blacks as the imf of ron facebook. interesting. coming up next, will all gardens stop its never ending possible? is the parent company copping out major go to its workers in a new lawsuit. we break it down coming up next. abigail higgins had... ...a tree that bore the most rare and magical fruit. which provided for their every financial need. and then, in one blinding blink of an eye, their tree had given its last. but with their raymond james financial advisor, they had prepared for even the unthinkable. and they danced. see what a raymond james advisor can do for you. ♪ cheryl: does your favorite restaurant chain break federal labor laws? and knew law says darden restaurants incorporated which includes all of garden, when stakeouts, capital grille, red lobster, underpaying its workers with more on this. fox news legal analyst joining me now. so, they're looking for a class action on this. >> class action, but they only have to practice. i have the complete right here. nineteen pages, and they're only alleging to plaintiffs. the
for the record, 22 times as many blacks as the imf of ron facebook. interesting. coming up next, will all gardens stop its never ending possible? is the parent company copping out major go to its workers in a new lawsuit. we break it down coming up next. abigail higgins had... ...a tree that bore the most rare and magical fruit. which provided for their every financial need. and then, in one blinding blink of an eye, their tree had given its last. but with their raymond james financial advisor,...
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Sep 11, 2012
09/12
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. >>> don't give up on the euro says the imf. but will investors heed the fund's call? we'll discuss. >>> schaeuble isn't one to mince words and he's out talking about the future of the euro and the united states. some of the news flashes include him saying that the cooling of the german economy is partly a normalization, the central bank independence has to be respected, that a significant rise in german unemployment is unlikely. and he makes a couple comments about the u.s. saying there's great uncertainty about how the u.s. will deal with the high debt levels that it putting pressure on the world economy. also of interest is that he's saying the source of the eurozone crisis is bad policies and member states. there are people who feel perhaps a little differently, think germany has played more of a role in imbalances. if there's anything else, we'll bring it to you. and the region needs to keep it faith in a single currency, this according to the deputy managing director. he told a world economic forum meeting that the euro was safe and says the if you said strongly
. >>> don't give up on the euro says the imf. but will investors heed the fund's call? we'll discuss. >>> schaeuble isn't one to mince words and he's out talking about the future of the euro and the united states. some of the news flashes include him saying that the cooling of the german economy is partly a normalization, the central bank independence has to be respected, that a significant rise in german unemployment is unlikely. and he makes a couple comments about the u.s....
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Sep 2, 2012
09/12
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the imf says that six of the ten fastest growing economies in 2012 are in africa. over the past decade, according to the african development bank, the number of middle-class consumers in africa, those who spend between $2 and $20 a day, has expanded 60% to 313 million. that's about the same size as the middle classes in china and india. health is improving as well. according to the world bank, one key indicator, the death rate of children under 5, is dropping dramatically. over 5% a year in ten sub-saharan countries and over 8% in kenya, rwanda, and senegal. there are even bright spots in the reduction of graph and corruption. ghana, south africa, namibia, rwanda, and botswana each has less corruption, gets this, than italy and greece according to transparency international. governance is improving in many countries. terrorism by islamic extremists remains, but there is progress here as well. having largely driven the al qaeda-linked al shabab from mogadishu, the capital, the city is experiencing the longest period of relative peace since 1991. jeff gettleman, "the
the imf says that six of the ten fastest growing economies in 2012 are in africa. over the past decade, according to the african development bank, the number of middle-class consumers in africa, those who spend between $2 and $20 a day, has expanded 60% to 313 million. that's about the same size as the middle classes in china and india. health is improving as well. according to the world bank, one key indicator, the death rate of children under 5, is dropping dramatically. over 5% a year in ten...
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Sep 25, 2012
09/12
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my interview with imf chief christine lagarde, this is "andrea mitcll reports" only on msnbc. most of the pain i experience is in my knees. when i think of aspirin, i really think of it as that bottle in the back of my parents' medicine cabinet. finding bayer advanced was huge. i was really surprised by how well it worked. and i'd definitely use it again. put bayer advanced aspirin to the test for yourself at fastreliefcllenom manner you start your day... love you, too. ...thinking about what's important to you -- your family... ...the mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking th wt lity life we want you to think about term life insurance -- taking care of your family's future expenses if something happens to you. it's easy. we get to know you and your needs, then give you our best quote and our competitors'. you choose and save up to 70 that could mean $250,000 of coverage for just $15 a month. we offer plans with no medical exam, and we've been in business for over 100 years. call fidelity life. ♪ or visit fidelitylife.
my interview with imf chief christine lagarde, this is "andrea mitcll reports" only on msnbc. most of the pain i experience is in my knees. when i think of aspirin, i really think of it as that bottle in the back of my parents' medicine cabinet. finding bayer advanced was huge. i was really surprised by how well it worked. and i'd definitely use it again. put bayer advanced aspirin to the test for yourself at fastreliefcllenom manner you start your day... love you, too. ...thinking...
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Sep 17, 2012
09/12
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CNBC
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ideally you want to keep imf out of spain because i think the arrivings is that once imf begins to open up spanish books and looks at level of private sector debt as well as public sector at the time, i think speculation will rise and you need to have restructuring of spanish government debt. the other side is obviously ecb's response. i think it's very interesting off justly looking at the contrast between the fed which is proactive and the ecb which is being reactive for the time being, basically waiting for the politicians to ask for a bailout before they start supporting the euro economy. but euro is in recession, so the ecb will have to move up the quantitative easing sort of independently of what happens to spain. spain is just one part of the problem. the whole story has now moved on. it's not about greece or spain, it's about the wider economy being in recession and the immediate for more. >> how on earth are they going to justify that and get away with it politically? >> the focus will be on the inflation mandate. it's not about financing governments. it's about the risk of an
ideally you want to keep imf out of spain because i think the arrivings is that once imf begins to open up spanish books and looks at level of private sector debt as well as public sector at the time, i think speculation will rise and you need to have restructuring of spanish government debt. the other side is obviously ecb's response. i think it's very interesting off justly looking at the contrast between the fed which is proactive and the ecb which is being reactive for the time being,...
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Sep 25, 2012
09/12
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MSNBCW
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my interview with imf chief christine lagarde, this is "andrea mitchell reports" only on msnbc. most of the pain i experience is in my knees. when i think of aspirin, i really think of it as that bottle in the back of my parents' medicine cabinet. finding bayer advanced was huge. i was really surprised by how well it worked. and i'd definitely use it again. put bayer advanced aspirin to the test for yourself at fastreliefchallenge.com. >>> president obama's warning to iran satisfy israel and the critics of the president's foreign policy? joining me former ambassador dennis rob including iran in three administrations most recently the obama white house. he's a middle east diplomacy analyst for msnbc and with the washington institute. so dennis, what about the speech today and the criticism you've heard from dan senor that the president is communicating weakness and is almost taking the military threat off the table by privately communicating and signaling that we really, really don't want to go to war? >> well, i don't think he did that in today's speech. i don't think he persona
my interview with imf chief christine lagarde, this is "andrea mitchell reports" only on msnbc. most of the pain i experience is in my knees. when i think of aspirin, i really think of it as that bottle in the back of my parents' medicine cabinet. finding bayer advanced was huge. i was really surprised by how well it worked. and i'd definitely use it again. put bayer advanced aspirin to the test for yourself at fastreliefchallenge.com. >>> president obama's warning to iran...
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Sep 24, 2012
09/12
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CNBC
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imf unlikely to give more. they have all kinds of rules about how much exposure they can have in concentration to certain countries, so they are probably out of the picture so that means the other european partners or the ecb which is essentially the european partners. we keep hearing from france they absolutely want greece to have more time. more time means more money. >> exactly. >> so where is it going to come from, that's the question? >> michelle, thank you very much. >> thanks. >> let's look at tivo shares. up almost 9% earlier this morning currently up just under 4% after verizon agreed to pay more than $250 million to tivo to settle a patent dispute. verizon was accused of illegally using tivo's time-warping technology in the video agreement. joining me is their president and chief executive officer tom rogers. welcome. >> good to be here since we were here at the beginning. >> indeed, indeed. break down this particular settlement for me. how much is verizon going to give you up front, and how does it b
imf unlikely to give more. they have all kinds of rules about how much exposure they can have in concentration to certain countries, so they are probably out of the picture so that means the other european partners or the ecb which is essentially the european partners. we keep hearing from france they absolutely want greece to have more time. more time means more money. >> exactly. >> so where is it going to come from, that's the question? >> michelle, thank you very much....
WHUT (Howard University Television)
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Sep 13, 2012
09/12
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WHUT
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the muslim brotherhood itself, it is a big problem, because president morsi is in europe and he wants imf money and money from the united states, so the last thing he wants now is to alienate western opinion. >> we go to tripoli. there is a bit of a delay on the line. obvisly, given the death of the american ambassador and the u.s., the obama response to that, give us a sense of the mood, the tension in the country -- in the country today. >> i can tell you that the indians have taken to the streets, albeit in small numbers -- libyans have taken to the streets, albeit in small numbers, soon after the announcement of the death of the ambassador to libya. a lot of people here are very angry. they are also worried about the implication this will have diplomatically, and and a wider context, worried about foreign countries thinking twice about setting up shop here in the future. a lot of people angry, mainly, by what happened. they don't want to be seen in that light. they said that the transition period is difficult enough as it is, and there are a lot of challenges ahead. they are looking t
the muslim brotherhood itself, it is a big problem, because president morsi is in europe and he wants imf money and money from the united states, so the last thing he wants now is to alienate western opinion. >> we go to tripoli. there is a bit of a delay on the line. obvisly, given the death of the american ambassador and the u.s., the obama response to that, give us a sense of the mood, the tension in the country -- in the country today. >> i can tell you that the indians have...
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Sep 12, 2012
09/12
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KCSM
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imf deputy managing director jumin supports the additional move and says the state of the economy affects the global economy including asia and south america. >>> let's check on the markets now. the dow jones industrial average ended about half a percent higher at 13,323, the highest level in almost five years. see how the stocks are trading wednesday and in japan we go to rumy at the stock exchange. how are tokyo stocks kicking off? >> indeed, a lot of anticipation and investigators are keen to see not only what the federal reserve will do when it wraps up its two-day meeting on thursday and also in germany where a constitutional court will be giving its verdict on the legality of eurozone bailout funds, so a couple of big focuses there as well. let's see how the markets are opening up this wednesday and both indexes trading higher so a little follow through there from the u.s. markets that you just went over there. let's not forget the nikkei ended lower yesterday on a touch of profit taking and in fact did break below 8,800 at one point but did manage to close above it. we're seeing a
imf deputy managing director jumin supports the additional move and says the state of the economy affects the global economy including asia and south america. >>> let's check on the markets now. the dow jones industrial average ended about half a percent higher at 13,323, the highest level in almost five years. see how the stocks are trading wednesday and in japan we go to rumy at the stock exchange. how are tokyo stocks kicking off? >> indeed, a lot of anticipation and...
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Sep 3, 2012
09/12
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KCSMMHZ
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at the end of the week, the eu, imf, and ecb tricot will reevaluate the process and they will determine whether or not happens receives the latest installment of bailout funds. >> on to the markets. european share start of the trading week with their biggest one-day gains in a month. our correspondent send us this information from frankfurt. >> there's no doubt the discussion about monetary policy continues to be the main driver in the markets. but that is why non-official statements draghi made in brussels are playing an even more important role. draghi reportedly said an intervention of the ecb is needed because the antar-bank system is malfunctioning meaning the financial system within the eurozone. that the reason to investors to continue to bed on held by the reserve bank and to continue to bet on rising stock prices. >> conrad in frankfurt. for a closer look on monday numbers, finishing up by more than .6%. stoxx finishing at 2463. no trading on wall street. it is a long holiday weekend and a labor day monday. the euro looking stronger. >> tensions are on the rise between azerbaij
at the end of the week, the eu, imf, and ecb tricot will reevaluate the process and they will determine whether or not happens receives the latest installment of bailout funds. >> on to the markets. european share start of the trading week with their biggest one-day gains in a month. our correspondent send us this information from frankfurt. >> there's no doubt the discussion about monetary policy continues to be the main driver in the markets. but that is why non-official...
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Sep 28, 2012
09/12
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KTVU
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officials approved an austerity package with spending cuts and fresh tax revenues needed to secure eu-imf loans. the government found nearly 400,000 jobs that went un- reported. each year, the labor department revises employment data. a preliminary revision shows 386,000 more jobs were created in the year ending in march than were reported, which means at least an extra 30,000 jobs were added each month, translating into 133.2 million people working versus 132.8. the .03% job gain is within the standard range of revisions. labor relations observers say the u.s. is seeing a rise in labor disputes leading to public protests and walkouts within the last year-and-a-half. in our cover story, why is labor using these tools, and will it continue? from public employees in wisconsin and chicago to the private sector - at american airlines, caterpiller and nfl referees - labor is sounding off. "...corporate greed has got to go." "in this last year or two, there's been an outbreak of high-profile cases, so many in fact, which may signal the possibility that we'll see additional ones." why is it happ
officials approved an austerity package with spending cuts and fresh tax revenues needed to secure eu-imf loans. the government found nearly 400,000 jobs that went un- reported. each year, the labor department revises employment data. a preliminary revision shows 386,000 more jobs were created in the year ending in march than were reported, which means at least an extra 30,000 jobs were added each month, translating into 133.2 million people working versus 132.8. the .03% job gain is within the...
WHUT (Howard University Television)
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Sep 25, 2012
09/12
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and spoke ahead of the imf and world bank conferences held in tokyo. >> we clearly still foresee a gradual recovery. but the global growth that we have forecasted 12 month as go, that we have revised six months ago is likely to be a little weaker than we had anticipated. >> legarde says european credit woes and the fiscal cliff in the u.s. are risk factors for the global economy. drastic belt tightening in the u.s. early next year unless democratic and republican lawmakers reach an agreement in time. lagarde is keachi ikeeping an ee japanese economy and a plan for reducing debt. japan carries a greater proportion of dealt on its books than any other industrialized nation. >>> the leaders of japan and colombia are weighing benefits of knocking down some of the barriers dividing their economies. they're expected to make an official decision on starting negotiation for a free trade deal. the prime minister noda and the president santos will decide during talks in new york. the countries have been contukticontukt icontukt -- conducting working studies. if they sign the deal, clom -- colombia's
and spoke ahead of the imf and world bank conferences held in tokyo. >> we clearly still foresee a gradual recovery. but the global growth that we have forecasted 12 month as go, that we have revised six months ago is likely to be a little weaker than we had anticipated. >> legarde says european credit woes and the fiscal cliff in the u.s. are risk factors for the global economy. drastic belt tightening in the u.s. early next year unless democratic and republican lawmakers reach an...
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Sep 15, 2012
09/12
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KCSM
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the eurozone rescue fund could be in place by the end of october, but the head of imf was also quick to reject rumors that spain would soon need a bailout. >> i know there have been some trepidations and speculations as to whether president draghi and myself would be in the negotiations. i can assure you that we are not. >> increase's debt problems were also on the agenda. experts from the troika are in athens to assess progress. >> we call on the troika and greece to continue negotiations and agree on a set of credible measures to close the fiscal gap for 2013-2014. >> but despite the ongoing difficulties, the eurozone ministers say greece is moving in the right direction. >> let's go to moscow where russia's parliament has voted to expel a critic of president vladimir putin. >> the opposition deputy is accused of running a business while been a member of the parliament. that is illegal in russia. the claims the charges are part of a political bent designed to silence opposition. he has spoken at rallies against putin since the russian leader's return to power earlier this year. in
the eurozone rescue fund could be in place by the end of october, but the head of imf was also quick to reject rumors that spain would soon need a bailout. >> i know there have been some trepidations and speculations as to whether president draghi and myself would be in the negotiations. i can assure you that we are not. >> increase's debt problems were also on the agenda. experts from the troika are in athens to assess progress. >> we call on the troika and greece to continue...
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Sep 6, 2012
09/12
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CNBC
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sylvia just pointed out, these mechanisms include the strict conditionality and say by name that the imf will potentially have to be involved. a couple of other changes here that might be relevant on that front. one, mario draghi talked about how they are going to be more transparent this time around, and yes, while markets had a good sense of who was involved the last time, maybe this is just a formality but it does mean it will be right up there in black-and-white print are, for everybody asking what funds and what they are getting. second, there's questions whether spain andilitily will be involved in a program like that and with all the uncertainty in the run-up to that, a sequence of steps means they first have to ask for assistance, and it's something that they have been increasingly reluctant to do. >> barry, let me ask you, what does this mean for u.s. investors? mario draghi said what they unveiled today is a fully effective backstop removing the tail risk of europe. is he correct? >> for a time perhaps. i would view it thenence of the ltros where the program has its limitations
sylvia just pointed out, these mechanisms include the strict conditionality and say by name that the imf will potentially have to be involved. a couple of other changes here that might be relevant on that front. one, mario draghi talked about how they are going to be more transparent this time around, and yes, while markets had a good sense of who was involved the last time, maybe this is just a formality but it does mean it will be right up there in black-and-white print are, for everybody...
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Sep 26, 2012
09/12
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KTVU
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measures to pay for money owed to private contractors and get access to loans from the european union and imf. meanwhile, protests are also flaring up in spain over another round of austerity measures. police baracaded madrid's parliament yesterday, in order to block thousands of protestors who sought to surround the building. the demonstration turned violent, as police in riot gear clashed with the thousands who showed up to protest. the country's government will reveal its 2013 budget tomorrow. within the plan, austerity measures that include a freeze on pensions and new taxes. the government also plans to eliminate certain tax breaks. spain is intending to cut 60 billion euros from its budget by the end of 2014. back in the u.s., more signs of a recovery in the housing market. home prices are up for the third month in a row. record low mortgages, a surge in home sales and fewer foreclosures pushed prices up 1.2% in july. the s&p case shiller index notes over the past year prices are up 16% in phoenix, one of the hardest-hit areas by the housing collapse, and 6% in minneapolis and detroit.
measures to pay for money owed to private contractors and get access to loans from the european union and imf. meanwhile, protests are also flaring up in spain over another round of austerity measures. police baracaded madrid's parliament yesterday, in order to block thousands of protestors who sought to surround the building. the demonstration turned violent, as police in riot gear clashed with the thousands who showed up to protest. the country's government will reveal its 2013 budget...